Bank connectedness and excessive risk-taking: Some cross-country evidence

被引:1
|
作者
Wang, Peiwen [1 ]
Chen, Minghua [1 ]
Wu, Ji [2 ]
Yan, Yuanyun [3 ]
机构
[1] Southwestern Univ Finance & Econ, Res Inst Econ & Management, Chengdu, Peoples R China
[2] Southwestern Univ Finance & Econ, Res Inst Econ & Management, Collaborat Innovat Ctr Financial Secur, Chengdu, Peoples R China
[3] Neijiang Normal Univ, Sch Econ & Management, Neijiang, Peoples R China
关键词
Bank connectedness; Excessive risk -taking; Cross-country evidence; INFORMATION CONTAGION; UNCERTAINTY; FAIL; TOO;
D O I
10.1016/j.frl.2023.104921
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
We investigate whether the connectedness of banks shapes their incentive to take on excessive risk, using panel data from more than 400 public banks in 19 economies during the period of 2000-2018. We find supportive evidence that banks' excessive risk-taking is significantly associated with their connectedness and the impact of banks' directional connectedness varies. A higher outward connectedness significantly fuels banks' incentive to take excessive risk, while a higher inward connectedness has a countervailing effect
引用
收藏
页数:8
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